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Pravna fakulteta, Knjižnica Mirka Ilešiča, Maribor (PRFMB)
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  • Implications of unilateral arbitration clauses : master's thesis
    Danojević, Stefan
    Unilateral arbitration clauses are clauses that provide one party with an option to choose between either arbitral or court proceedings. The other party does not have such choice, but its dispute ... resolution mechanism is predetermined from the outset. For that exact reason, the question is raised whether such clauses are problematic. This question stems from the proposition that there is inherent inequality between the parties arising out of the nature of such agreement. Especially problematic aspect of inequality is highlighted when the disadvantaged party is not granted any other contractional benefit in return. Interpretation regarding as to what is breaching the principle of equal treatment and at the same time possibly public policy of a relevant country differs throughout different jurisdictions. Highest regard must be given to interpretations of countries of the seat of arbitration or the countries where the final award is to be recognised and enforced. This is due to the fact that if the clause is considered contrary to public policy of these countries there is risk of award being set aside or of the refusal of recognition and enforcement of the award. However, even in the event that consequences are not as grave the risk remains that such arbitration agreement will not be respected its entirety. Thus, the utilisation of unilateral arbitration clauses is clouded by uncertainty. The uncertainty exists specifically in regard to the disadvantaged party as until the procedure is initiated, that party will not be able to anticipate what type of proceeding it will be subjected to. Further, there is uncertainty from the perspective of both parties as the concerns regarding validity and enforcement are ever present. Therefore, it is of utmost importance for parties to draft unilateral arbitration agreements with absolute precision and with due regard to the possible obstacles.
    Vrsta gradiva - magistrsko delo ; neleposlovje za odrasle
    Založništvo in izdelava - [Maribor : S. Danojević], 2020
    Jezik - angleški
    COBISS.SI-ID - 36728579

    Povezava(-e):

    Digitalna knjižnica Univerze v Mariboru – DKUM

Signatura – lokacija, inventarna št. ... Status izvoda Rezervacija
knjižnica - prosti pristop
d DANOJEVIĆ S. Implications 0000002020
IN: 042977 knjižnica - prosti pristop
d DANOJEVIĆ S. Implications 2020
IN: 042977 		prosto - na dom, čas izposoje: 28 dni
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